The amount of money pensions scams cost everyday savers has reached an astonishing level. Of course, there has always been an element of pension mis-selling, but the scale has risen significantly since April 2015.
It’s always useful to keep up-to-date with the most recent developments in the world of mis-sold investments. Here’s a look at the latest big stories in the UK.
For the last few years, mis-sold PPIs have dominated the headlines. Now, it looks as though another investment scandal is firmly taking root in the UK – the mis-selling of SIPPs.
SIPPs (Self-Invested Personal Pensions) give pension holders much more control over how to invest the money in their pensions.
People make decisions for lots of different reasons. A desire to protect the environment is high up on the list for many people. It's why so many have now stopped using plastic bags, for example.
Many mis-sold SIPP investments have just one major hook, albeit a compelling one – the promise of significant returns. This hook is often dressed up in different ways,
Global Forestry was a SIPP investment scheme that many pension holders in the UK invested in. They did so because of the promise of healthy returns and because the investment was labelled as being green, i.e. they were investing in something that would make them money and that was also good for the environment.
An investment on a luxury island that promises large returns as well as the opportunity to spend time in the resort – sounds great doesn’t it? This is what many people were told when trying to decide where to invest their SIPP (Self-Invested Personal Pension). The product they were offered was called Freedom Bay.
Food is a commodity that will have a market regardless of consumer trends, economic circumstances, or the Government in Westminster. Is farmland, therefore, a good investment? More importantly, is it a good idea to invest your pension into farmland?
Ethical Forestry was an investment product that many people invested in using a SIPP (self-invested personal pension), but it went horribly wrong. Many investors who lost their money found they had been mis-sold the product in the first place. What went wrong, and what lessons can we learn?
Simply pick up the phone and call one of our friendly experts today on 0808 163 1659.
Alternatively enter your details into the call back form at the bottom of the page and we’ll contact you straight away.
We've helped thousands of people win compensation as a result of unsuitable financial advice.
I’m absolutely delighted with the service we got from Goodwin Barrett, I couldn’t believe how easy it was and i’ve nothing but praise for them
This was an excellent result which my wife and I never expected. My sincere thanks to you for such an excellent achievement, I cannot thank you enough
After sending a report to Santander, they agreed with our findings and awarded Mr Snowden an amount of £7,000 made up from a refund of the losses together with interest and compensation.
This was a fantastic result I never expected. My sincere thanks for such a prompt and efficient service.
I am so grateful to your company but especially to Steve Wise for getting me the money back
We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
After we sent a detailed complaint to Halifax, Fred was delighted to receive £6,916 from the bank in a matter of weeks.
Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,000.
Figures shown are before the deduction of our fee.
